@Tradergimp
Was wondering if you had the inclination to have a look at WHC. I think it would be a good contrarian play or ST trade.
Some background.
Aussie coal producer, MC ~450M 1B shares on issue.
Just spent 900M building a thermal coal open pit - construction has finished, debt has peaked at ~900M.
Product is receiving a premium in the market ~7%
Current margins are ~$14/t
Made a profit last half (7M) fter some hefty one of payments ~45M to tax office.
Cash flow of 118M / half
Currently increasing production with aimed cost savings of $1-2/t (management like to under-promise and over deliver)
Brokers have TP of 0.30-$1.7
Major US shareholder (Napier) selling out approx 30M? shares left (under 5% late Jan).
The thing is, I like everything about WHC .... except the trend of the coal price. I mean you have a hated sector, a pressured seller, while the company is improving its operations and though it has a lot of debt, it appears easily serviceable even in this market with current cash flow.
So my question to you would be is there a daily / weekly signal in the trading that would identify the seller is finished?
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Last
$7.09 |
Change
0.150(2.16%) |
Mkt cap ! $5.931B |
Open | High | Low | Value | Volume |
$7.00 | $7.17 | $6.99 | $56.08M | 7.917M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
6 | 137399 | $7.08 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$7.10 | 9407 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
6 | 137399 | 7.080 |
2 | 48664 | 7.070 |
2 | 31451 | 7.060 |
9 | 65453 | 7.050 |
6 | 10424 | 7.040 |
Price($) | Vol. | No. |
---|---|---|
7.120 | 198983 | 9 |
7.130 | 3200 | 1 |
7.140 | 17500 | 3 |
7.150 | 12988 | 6 |
7.160 | 1370 | 2 |
Last trade - 16.10pm 27/09/2024 (20 minute delay) ? |
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WHC (ASX) Chart |